Sector focus: Telecoms
Month: September 2015
Crossover investors fuel bumper healthcare IPO pipeline
Appetite from public market investors to invest in biopharmaceuticals means the sector’s IPO market is likely to remain robust in the second half, says US bank SVB.
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China Post delivers funding package for Ant Financial
The postal service is now the second largest shareholder in Alibaba’s financial services and online payment affiliate.
Zomato consumes $60m
The Info Edge-backed restaurant listings platform has now accumulated $225m of funding, securing cash that will support the launch of its restaurant marketing platform.
Wrap Media closes $12.7m series B
ProSiebenSat.1 Media and Salesforce have backed a series B round for Wrap Media, the developer of a narrative app creation platform.
Urban FT cracks Wipit acquistion
The deal provided an exit to H&R Block and Euronet Worldwide, which each provided an undisclosed amount of seed funding for Wipit in 2012.
Mia grows up with $150m series D
Baidu led Mia’s latest round, taking the baby and maternity e-commerce company’s funding to $230m in just over a year.
RelayRides picks up SocialStudio baton
SocialStudio, which had attracted funding from Google for its JumpCam app, has been acquired by RelayRides for an undisclosed amount.
Dr Reddy’s readies corporate venturing unit
India-based pharmaceutical company Dr Reddy’s Laboratories is setting up a corporate venturing subsidiary that is considering 20 startups for investment, LiveMint reported on Friday. The name of the new unit and the amount of capital set to be allocated to it have not yet been disclosed. The startups that may receive capital have also not… Continue reading Dr Reddy’s readies corporate venturing unit
Medlinker exercises Tencent connection for $40m
Tencent led the series B round for Medlinker, a social media app for healthcare professionals that plans to use the cash to grow its user base fivefold.
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Pitches from green tech companies
Roost detects $5.5m
The Legend-backed startup released its smart smoke alarm conversion kit at the same time as it revealed a $5.5m series A round featuring USAA.
Coramaze pumps in $5.1m
The company, which is developing a device to treat heat valve diseases, secured the cash in a round backed by Elron Electronic Industries and HTGF.